Berlin, Germany-based social reading app Readmill confirmed that San Francisco, US-based cloud storage giant Dropbox acqui-hired it for $8 million in combined stock and cash, with plans to shut it down later.
Europe
Russian mobile payments startup 2can lands $5M in Series B funding
Moscow, Russia-based mobile payments startup 2can landed $5 million in a Series B funding round led by InVenture Partners to integrate its service with banks in the country.
British language learning startup Fluentify takes home $410K from angel investors
London, UK-based language learning startup Fluentify took home $410,000 in angel investment in a round led by former Barclays exec Stefano Marsaglia to beef up its workforce and service in Southern Europe.
AstraZeneca inks deal with Medical Research Council scientists to work on new site in Cambridge
Britain-based AstraZeneca has formed a flagship deal with Medical Research Council or MRC to hopefully help the drugmaker revive research on new drugs, Reuters reported.
UK services marketplace Bizzby raises $10M from US hedge fund
Bizzby, a London, UK-based on-demand services marketplace for cleaners, plumbers, electricians, and other tradespeople, raised $10 million in funding from an undisclosed US-based hedge fund.
Latest News
French cross-device tracking and advertising startup Tapvalue nabbed $2.2 million (€1.6 million) in a venture round led by an unnamed venture capitalist and some angels to support its international growth and product development.
Toulouse, France-based Internet of things (IoT) cellular network operator SIGFOX landed €15 million in its Series B funding round led by IDInvest and BPIFrance to accelerate the international deployment of its network.
Mars One, the foundation whose mission is to create a human settlement on Mars, has rolled out its new project to construct a simulation outpost on Earth, VentureBeat reported.
Based on four reports from PwC, RMG, Fastlane Ventures and East-West Digital News, the rapid growth of the Russian venture capital market has stopped, East-West Digital News reported.
Two weeks after receiving approval from the US bankruptcy court in Delaware, Brussels, Belgium-based chemical firm Solvay completed the acquisition of Pennsylvania-based electronics company Plextronics Inc to enhance its OLED (Organic Light Emitting Diodes) electronic display capabilities.
Marsa, Malta-based telephone and cable television services provider Go PLC agreed to purchase a 25% stake in Nicosia, Cyprus-based firm Cablenet Communications Systems Ltd for €12 million in convertible loan.
The European Commission has partnered with iversity to create a provider network of European Massive Open Online Courses that would pay attention to web and app skills development, TechCrunch reported.
Vernalis is pleased to announce the achievement of the first milestone
in its research collaboration with Asahi Kasei Pharma (AKP).
CapMan Buyout X fund has agreed to buy a majority stake in sauna business Harvia Oy, a statement about the funding said. Financial terms of the deal were not disclosed.
